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Seoul: Stocks close at highest in nearly 2 weeks; won down

Monday, November 23, 2015 - 14:43
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South Korean shares reversed sharp early declines to close higher on Thursday while the country's currency pared losses against the dollar as the investor appetite for risk assets regained momentum.

[SEOUL] South Korean shares closed at their highest level in nearly two weeks on Monday, led by medical supplies and chemical sectors and as investors eyed a possible monetary policy easing by the European Central Bank next week.

The Korea Composite Stock Price Index (KOSPI) closed up 0.7 per cent at 2,003.70 points.

Foreign investors were net sellers, offloading a net 102.2 billion won ($125 million) worth of KOSPI shares, preliminary data showed.

The South Korean won was quoted at 1,158.5 to the dollar at the conclusion of onshore trade, down 0.4 per cent compared to Friday's close of 1,154.3.

REUTERS